Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?
The Reserve Bank of India (RBI) allows banks to open savings accounts for children over the age of 10, which they can operate themselves.
Currently, transaction in paper gold is available in the form of exchange-traded fund
Here's how the charges and features of saving account by different banks stack up